Highlights

IPO Malaysia

Author: kltrader   |   Latest post: Mon, 2 Mar 2020, 10:37 PM

 

IPO - ACO Group Berhad (ACO)

Author: kltrader   |  Publish date: Mon, 2 Mar 2020, 10:37 PM


Listing Detail:
Listing Sought: Main Market
Issue Price: RM 0.28

Dates:
Offer Period Open: 27 Feb 2020
Offer Period Close: 6 Mar 2020
Tentative listing date: 18 Mar 2020

Number of shares:
Public Issue: 58,000,000
Offer for Sale: 25,000,000
Private Placement: 59,000,000

 

Stock Code: ACO

 

Official Announcement

INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF ACO GROUP BERHAD ("ACO") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING:

(I) PUBLIC ISSUE OF 58,000,000 NEW ORDINARY SHARES IN ACO ("ACO SHARES" OR "SHARES") IN THE FOLLOWING MANNER:

15,000,000 NEW ACO SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

9,000,000 NEW ACO SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;

4,000,000 NEW ACO SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS;

30,000,000 NEW ACO SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND

(II) OFFER FOR SALE OF 25,000,000 EXISTING ACO SHARES BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS,

AT AN IPO PRICE OF RM0.28 PER SHARE, PAYABLE IN FULL UPON APPLICATION.

 

In the News: Aco Group to raise RM16.2m from IPO

KUALA LUMPUR: Aco Group Bhd, a distributor of electrical products and accessories, aims to raise RM 16.2mil from its proposed listing on the ACE Market. The tentative listing date is March 18.

Group managing director, Ir. Tang Pee Tee @ Tan Chang Kim said the company plans to enter new markets and add more retail touchpoints across Peninsular Malaysia.

"Over the next two years, we will be setting up a new head office and distribution centre in Johor, adding seven new sales outlets and two distribution centres in other towns within Johor, as well as in new markets such as Negeri Sembilan, Kelantan, Terengganu, Pahang, and Penang, ” Tang said at the company’s prospectus launch here.

The company will be widening its product range of third-party brands and own brands products in addition to upgrading its enterprise resource planning system and two online ordering system.

"We will expand our in-house logistics fleet by purchasing three additional trucks to support the company’s growing operations, ” he said.

The company will also be growing its "UR Home Light” concept store outlets, one each in Kuala Lumpur and Johor Bahru to tap into opportunities in the building and construction industry including renovation and interior fit-outs segment of the market.

From the IPO exercise, 25.9% or RM4.2mil out of the total proceeds would be used to set up new sales outlets and concept stores, 15.4% (RM2.5mil) for a new head office and distribution centre in Johor.

It will also allocate 12.3% (RM2mil) to purchase new trucks and upgrade Information Technology (IT) system, 26.1% (RM4.2mil) for working capital and 20.3% (RM3.3mil) for estimated listing expenses.

Upon listing on the Ace Market, the group will have a market capitalization of RM84mi based on the issue price of 28 sen and its enlarged share capital of 300 million shares.

Applications for the public Issue will close on March 6,2020.

The group distributes 88 brands of electrical products and accessories comprising 85 third parties and three own brands.

It is also an authorised distributor for 10 brands of electrical products that include Schneider Electric, KDK, Hager, Omron, ABB, Panasonic, Ledvance, Maxguard, Siemens and Yaskawa.

- Bernama

 

Labels: ACO
  MCWIEY likes this.
 
nelson_na lousy stock, pui, drop only drop, closed the business la
18/03/2020 5:09 PM

IPO - Innature Berhad (INNATURE)

Author: kltrader   |  Publish date: Mon, 3 Feb 2020, 4:20 PM


 

Listing Detail:
Listing Sought: Main Market
Issue Price: RM 0.68

Dates:
Offer Period Open: 29 Jan 2020
Offer Period Close: 6 Feb 2020
Tentative listing date: 20 Feb 2020

Number of shares:
Public Issue: 74,074,000
Offer for Sale: 103,200,000
Private Placement: -

 

Stock Code: INNATURE

 

Official Announcement

INITIAL PUBLIC OFFERING OF 177,274,000 ORDINARY SHARES IN INNATURE BERHAD ("INNATURE") ("IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE 705,881,488 INNATURE SHARES ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING A PUBLIC ISSUE OF 74,074,000 NEW ORDINARY SHARES IN INNATURE ("SHARES") ("ISSUE SHARES") AND AN OFFER FOR SALE OF 103,200,000 EXISTING SHARES ("OFFER SHARES") INVOLVING:

(I) THE INSTITUTIONAL OFFERING OF 161,142,500 IPO SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS, INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"); AND

(II) THE RETAIL OFFERING OF 16,131,500 ISSUE SHARES TO THE MALAYSIAN PUBLIC, THE DIRECTORS AND ELIGIBLE EMPLOYEES OF INNATURE AND ITS SUBSIDIARIES (I"NNATURE GROUP")

AT THE RETAIL PRICE OF RM0.68 PER SHARE ("RETAIL PRICE"), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS.

THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF (I) THE RETAIL PRICE AND (II) THE INSTITUTIONAL PRICE.

 

Company Overview

InNature Berhad is an investment holding company. The company, through its subsidiaries, is principally involved in the retailing and distribution of The Body Shop products in Malaysia, Vietnam and Cambodia. The company has been operating The Body Shop franchise business for more than 35 years.
 

Address & Contact:

No. 5, Jalan USJ 10/1C,
UEP Subang Jaya, 47620 Subang Jaya,
Selangor, Malaysia

Tel: +603 5632 4313

Website: https://innature.com.my/

 

In the News: InNature eyes to raise RM120.5 mil from its February IPO


 

KUALA LUMPUR (Jan 29): InNature Bhd, which is slated to list on the Main Market on Feb 20, has set its initial public offering (IPO) price at 68 sen per share, eyeing to raise RM120.5 million from its upcoming listing exercise.

The company, which is involved in the retailing and distribution of The Body Shop brand of cosmetics and personal care products, said it will proceed with its expansion plans following its listing, as the group is looking to increase the number of stores it has in Malaysia, as well as in neighbouring countries.

InNature managing director Mina Cheah-Foong said the company strives to open one to two stores in Malaysia next year; six stores in Vietnam, as well as two more stores in Cambodia, its latest venture.

The company currently has a total of 89 The Body Shop stores across Malaysia, 34 in Vietnam and one in Cambodia.

InNature also intends to further expand its Natura brand of products, which focuses more on social selling to push its products.

"We are targeting to open two stores this year for Natura. The stores would be more like showrooms to showcase our products and we are looking at a different distribution channel, as compared with The Body Shop.

"We will be relying more on social commerce, direct customer-to-customer (C2C) selling, as we believe that word-of-mouth is a good form of marketing," Cheah-Foong said.

The sales will be done through an app, with those that are interested in earning a side income being able to participate as a social seller.

Users do not need to keep any stock with them, as the products will be sent directly from Natura to the buyer, and the user will earn a commission from every sale.

"It's like direct selling 2.0. It is a unique way to market to consumers. Traditional advertising still works but we think that the best form of marketing is through word-of-mouth," she said.

On the question of timing of its IPO, given the current uncertain conditions, Cheah-Foong said the company accepts the market conditions as they are, and that the company is "not looking to time the market".

Over the past 36 years in which InNature has been in business, Cheah-Foong said the company has gone through many difficult times when the market was not doing so well, with the company never failing to post growth year after year.

"We have been in business for 36 years now and we have gone through difficult times, like during the time of the SARS epidemic or the Nipah outbreak before that.

"We continued to post growth, which shows that we are indeed a consumer staple," she said.

Cheah-Foong added that the company has taken into account the current market conditions in setting the 68 sen per share IPO price.

Besides increasing its number of physical stores, InNature chief executive officer Molly Foong said the company is also looking to invest in technology, to improve the productivity of each store.

"We want to ensure we get high productivity out of each store and do more transactions and increase traffic in each store. We want to increase our same store sales growth," she said.

 

 

 

Labels: INNATURE
  2 people like this.
 
Richmore look at their Revenue. Its going up every year. With IPO money their can do more marketing and capture new new mkt
20/02/2020 8:47 PM
fingergold but the share dropping
21/02/2020 3:57 PM
fingergold below the IPO
21/02/2020 3:57 PM

IPO - Powerwell Holdings Berhad (PWRWELL)

Author: kltrader   |  Publish date: Sat, 11 Jan 2020, 7:16 PM


Listing Detail:
Listing Sought: ACE Market
Issue Price: RM 0.25

Dates:
Offer Period Open: 2 Jan 2020
Offer Period Close: 10 Jan 2020
Tentative listing date: 22 Jan 2020

Number of shares:
Public Issue: 87,400,000
Offer for Sale: 58,055,200
Private Placement: 113,305,200

 

Stock Code: PWRWELL

 

Official Announcement

INITIAL PUBLIC OFFERING ("IPO") OF 145,455,200 ORDINARY SHARES IN POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") ("SHARES") IN CONJUNCTION WITH THE LISTING OF POWERWELL ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:-

(A) PUBLIC ISSUE OF 87,400,000 NEW SHARES IN POWERWELL ("ISSUE SHARES") COMPRISING:-

(I) 23,800,000 ISSUE SHARES TO THE MALAYSIAN PUBLIC;

(II) 60,700,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY OF MALAYSIA; AND

(III) 2,900,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS,

(B) OFFER FOR SALE OF 58,055,200 EXISTING SHARES ("OFFER SHARES") BY THE OFFERORS (AS DEFINED IN THE PROSPECTUS) COMPRISING:-

(I) 8,350,000 OFFER SHARES TO ELIGIBLE PERSONS (AS DEFINED IN THE PROSPECTUS); AND

(II) 49,705,200 OFFER SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS,

AT AN IPO PRICE OF RM0.25 PER SHARE PAYABLE IN FULL ON APPLICATION.

 

Company Overview

Powerwell provides services in power distribution management. The company offers comprehensive product and service solutions from the product development level to power distribution design.
 

Address & Contact:

No. 1B, Jalan Anggerik Mokara 31/48, Seksyen 31, Kota Kemuning,
40460 Shah Alam, Selangor, Malaysia


Tel: +603 5521 3333

Website: https://www.powerwell.com.my

 

News: Powerwell to raise RM21.85m from ACE Market IPO


 

POWERWELL Holdings Bhd is seeking to raise RM21.85 million from its IPO at 25 sen per share, as the company looks to strengthen and expand its electricity distribution product manufacturing business.

“We intend to develop and commercialise our Powerwell-branded products and obtain third-party International Electrotechnical Commission standards-compliant certifications for a wider range of our products.

“These efforts are meant to increase our competitiveness in the industry by growing our brand, market presence and market share,” Powerwell MD Jason Tham said at the launch of the IPO prospectus in Kuala Lumpur (KL) yesterday.

The group also intends to grow its replacement market business as it sees growth opportunities in this area, with existing buildings due for refurbishments or upgrades to prolong their lifespan.

“We have also appointed distributors regionally. We intend to increase marketing efforts locally and overseas to strengthen our brand awareness and brand loyalty,” Tham added.

Despite the tough market sentiment expected this year, the company is confident the listing will be a success, driven by over 25 years of experience in the electricity distribution industry and a proven track record domestically and overseas its ED Ricky Lee said.

The group has supplied low voltage switchboards and medium voltage switchgears to domestic projects, including both public and private initiatives across different industry segments, such as infrastructure and oil and gas.

Lee also expects demand for its products to be boosted by the revival of Malaysia’s construction sector, as well as Indonesia’s intention to relocate its administrative capital to East Kalimantan, Borneo.

“Other than that, the IPO will also enable us to gain access to the capital market for future expansion and growth, besides enhancing our company profile and reputation, attracting new skilled employees and expanding our customer base,” he said.

To support its manufacturing activities, Powerwell currently operates from manufacturing facilities in Kota Kemuning, Shah Alam, and Binh Duong, Vietnam.

The company has supplied products to Vietnam, Bangladesh, Indonesia, the Philippines, Cambodia and Singapore, among others.

Powerwell is expected to debut on the ACE Market of Bursa Malaysia on Jan 22, 2020. The group is offering 145.46 million Powerwell shares at 25 sen per share.

Upon listing, the company will have a market capitalisation of RM145.14 million based on its enlarged share capital of 580.55 million shares.

The IPO entails a public issue of 87.4 million new shares in Powerwell and an offering for sale of 58.06 million existing shares by the offerors.

Of the RM21.85 million to be raised from the exercise, RM10.27 million has been earmarked for capital expenditure, involving the purchase of machinery and equipment and the enhancement of Powerwell’s Enterprise Resource Planning systems and hardware.

The company also aims to improve manufacturing processing efficiency and boost production capacity.

Some RM3.87 million will be allocated for certification expenditure for a range of Powerwell-branded products, RM3.62 million for working capital purposes and the remaining RM4.1 million for estimated listing expenses.

Mercury Securities Sdn Bhd is the sole underwriter, principal advisor, sponsor and sole placement agent for the listing exercise, while BDO Capital Consultants Sdn Bhd is the financial advisor.

 

Labels: PWRWELL
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LEAP IPO - ACE Innovate Asia Berhad (ACEINNO)

Author: kltrader   |  Publish date: Sat, 11 Jan 2020, 7:05 PM


 

Listing Detail:
Listing Sought: LEAP Market

Issue Price: RM 0.26


Dates:
Listing date: 7 Jan 2020

 

Number of shares:
Units: 39,000,000

 

Stock Code: ACEINNO

 

Company Overview

Ace Innovate Asia Berhad is based in Malaysia, with the head office in Subang Jaya. The enterprise currently operates in the Jewelry and Silverware Manufacturing sector. Ace Innovate Asia Berhad was incorporated on 2009.


Address:

No 19-1, Jalan USJ 10/1D
47620 Subang Jaya, Selangor, Malaysia

Tel: +603 8081 7198
Email: enquiry@ace2u.com
Website: http://www.ace2u.com


 

 

LEAP Market

The LEAP market is an alternative platform for small and medium enterprises (SMEs) to raise capital in an efficient, fast, and transparent marketplace for their business growth.

Additionally, the LEAP market gives them the visibility of being a listed entity and assists these companies in their transformation to better governance and operational standards.

Trading on the LEAP market is limited to sophisticated investors, who are categorised as accredited investors, high net worth entities with total net assets exceeding RM10mil, or high net worth individuals whose net personal assets exceeds RM3mil or gross annual income exceeding RM300,000.

Labels: ACEINNO
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LEAP IPO - Supergenics Berhad (SGBHD)

Author: kltrader   |  Publish date: Sat, 11 Jan 2020, 6:58 PM


 

Listing Detail:
Listing Sought: LEAP Market

Issue Price: RM 0.20


Dates:
Listing date: 6 Jan 2020

 

Number of shares:
Units: 25,000,000

 

Stock Code: SGBHD

 

Company Overview

Supergenics Berhad provides electrical engineering services. The Company offers designing, monitoring, and other related services. Supergenics serves customers in Malaysia.




Address:

No. 57, Jalan Bulan U5/171, Subang 2,
Shah Alam, 40150 Selangor Darul Ehsan, Malaysia

Email: sales@supergenic.com.my
Phone: +603 58821210
Website: http://www.supergenic.com.my

 

LEAP Market

The LEAP market is an alternative platform for small and medium enterprises (SMEs) to raise capital in an efficient, fast, and transparent marketplace for their business growth.

Additionally, the LEAP market gives them the visibility of being a listed entity and assists these companies in their transformation to better governance and operational standards.

Trading on the LEAP market is limited to sophisticated investors, who are categorised as accredited investors, high net worth entities with total net assets exceeding RM10mil, or high net worth individuals whose net personal assets exceeds RM3mil or gross annual income exceeding RM300,000.

Labels: SGBHD
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LEAP IPO - Astramina Group Berhad (ASTRA)

Author: kltrader   |  Publish date: Wed, 18 Dec 2019, 10:06 PM


 

Listing Detail:
Listing Sought: LEAP Market

Issue Price: RM 0.23


Dates:
Listing date: 3 Dec 2019

 

Number of shares:
Units: 272,163,310

 

Stock Code: ASTRA

 

Company Overview

Astramina Group Bhd principal activity is investment holding. Its subsidiaries SSSB and ASB, are principally involved in the manufacturing and selling of food ingredients, and trading of food ingredients, respectively. The company is incorporated in Malaysia.


Address:

Level 3, Menara Hap Seng
Letter Box 53, Jalan P. Ramlee
50250 Kuala Lumpur.

Tel: +603 2026 7282
Fax: +603 2026 7281
Website: https://www.astramina.com

 

LEAP Market

The LEAP market is an alternative platform for small and medium enterprises (SMEs) to raise capital in an efficient, fast, and transparent marketplace for their business growth.

Additionally, the LEAP market gives them the visibility of being a listed entity and assists these companies in their transformation to better governance and operational standards.

Trading on the LEAP market is limited to sophisticated investors, who are categorised as accredited investors, high net worth entities with total net assets exceeding RM10mil, or high net worth individuals whose net personal assets exceeds RM3mil or gross annual income exceeding RM300,000.

Labels: ASTRA
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